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Prop 13 in SoCal was the legal affairs driver for our family since its inception. If the home is not in a family trust upon passing of the family owner, the home gets reappraised to current market values and the corresponding new tax rate. For most folks in SoCal, that could be a tax hit of > $1M in valuation.
When our kids were children, we created a family password to be used to verify anything family related, That PW is now used on my whole life insurance policy, 401K & my pension account.
Having all this in place gives me the peace of mind to work on my funeral playlist.
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1980 911 - Metzger 3.6L
2016 Cayman S
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